Global Capsule Endoscope Systems Market to Reach $1.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Capsule Endoscope Systems estimated at US$670.2 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 7.5% over the analysis period 2020-2027. Colon Capsule, one of the segments analyzed in the report, is projected to record a 8.5% CAGR and reach US$193.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Esophageal Capsule segment is readjusted to a revised 6.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $181.1 Million, While China is Forecast to Grow at 11.4% CAGR
The Capsule Endoscope Systems market in the U.S. is estimated at US$181.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$249.3 Million by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 6.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
Small Bowel Capsule Segment to Record 7.4% CAGR
In the global Small Bowel Capsule segment, USA, Canada, Japan, China and Europe will drive the 7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$347.2 Million in the year 2020 will reach a projected size of US$556.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$153.8 Million by the year 2027, while Latin America will expand at a 8.6% CAGR through the analysis period.
Select Competitors (Total 14 Featured):
Amid the COVID-19 crisis, the global market for Capsule Endoscope Systems estimated at US$670.2 Million in the year 2020, is projected to reach a revised size of US$1.1 Billion by 2027, growing at a CAGR of 7.5% over the analysis period 2020-2027. Colon Capsule, one of the segments analyzed in the report, is projected to record a 8.5% CAGR and reach US$193.4 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Esophageal Capsule segment is readjusted to a revised 6.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $181.1 Million, While China is Forecast to Grow at 11.4% CAGR
The Capsule Endoscope Systems market in the U.S. is estimated at US$181.1 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$249.3 Million by the year 2027 trailing a CAGR of 11.4% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.1% and 6.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
Small Bowel Capsule Segment to Record 7.4% CAGR
In the global Small Bowel Capsule segment, USA, Canada, Japan, China and Europe will drive the 7% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$347.2 Million in the year 2020 will reach a projected size of US$556.1 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$153.8 Million by the year 2027, while Latin America will expand at a 8.6% CAGR through the analysis period.
Select Competitors (Total 14 Featured):
- Boston Scientific Corporation
- CapsoVision, Inc.
- Chongqing Jinshan Science & Technology (Group) Co., Ltd.
- Interscope, Inc.
- IntroMedic Co., Ltd. (Republic of Korea)
- Medtronic PLC
- Northside Gastroenterology Endoscopy Center, LLC
- Olympus Corporation
- RF Co., Ltd.
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I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
- UNITED STATES
- CANADA
- JAPAN
- CHINA
- EUROPE
- FRANCE
- GERMANY
- ITALY
- UNITED KINGDOM
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA-PACIFIC
- AUSTRALIA
- INDIA
- SOUTH KOREA
- REST OF ASIA-PACIFIC
- LATIN AMERICA
- ARGENTINA
- BRAZIL
- MEXICO
- REST OF LATIN AMERICA
- MIDDLE EAST
- IRAN
- ISRAEL
- SAUDI ARABIA
- UNITED ARAB EMIRATES
- REST OF MIDDLE EAST
- AFRICA
- Total Companies Profiled: 14
Note: Product cover images may vary from those shown
